Money Mark's commentsHis livestreams continue to be entertaining, his comments on GSI paraphrased below;
- attributed the selloff of 25% to dummies, called the selloff stupid
- re-iterated his 2024 growth of EPS to .09 from .03 in 2023
- deserves PE of 20 to 30 based on this tremendous earnings growth
- calls out target of $2.70 based o that 30 PE mulitple, can adjust his target once proof that .09 is attainable
- to explain the drop further, maybe market is down, someone didn't like his presentation at LD Micro
- said he knew the right type of questions to ask the CEO like he did, right answers gave .09 EPS
- maybe the idiots asked wrong questions, didn't lke the answers and sold
- he couldn't recall if he heard about GSI through his network or from a conference like LD Micro
Given that Q2 should be out by next week, we'll have a better picture of who the "dummies are vs. the geniuses"
If we stick with our EPS of .07 to .08, a PE of 20 is warranted as the PEG would still be under .2